The Indian startup ecosystem has witnessed remarkable growth in recent years, thanks to the young and huge population, growing economy, and supportive government policies. The ecosystem has attracted a diverse group of experienced entrepreneurs and investors who see immense potential in the Indian market. However, establishing a successful business in India is not easy, and not all investors are interested in the country's startup ecosystem. The Indian market presents unique challenges such as complex regulations, infrastructure deficiencies, and cultural nuances that can be difficult for outsiders to navigate.

In 2023, several Indian businesses have already achieved a global presence through their innovative business models. Additionally, there have been notable advancements in the Indian startup ecosystem in the past week. Voiceoc, a conversational artificial intelligence solution for hospitals, has raised Rs three crore in funding from Betterhalf, a matrimony app for urban Indians, have invested USD 8.5 million in funding  In addition, Delhi-based all-electric cab service company Evera said it has raised $7 million from stakeholders.

The following are top 5 startups of the week listed below..!

Voiceoc

Voiceoc, a conversational artificial intelligence solution for hospitals, has raised Rs three crore in funding from BioAngels. The round also saw participation from sucSEED Indovation. With this investment, the company hopes to hire more people and grow its IT, sales, and marketing teams. Voiceoc also plans to use the funding to expand its marketing strategy, accelerate product development projects, and expand its global footprint in the Middle Eastern market.

Voiceoc claims to provide healthcare companies with quick and personalized patient support by leveraging the power of artificial intelligence (AI). Integrating Text AI on communication apps like WhatsApp, Messenger, etc., and Voice AI on the call center, the company automates the entire patient journey, right from discovery, appointment booking and availing support to easy access to medical documents, and much more in real-time.

Betterhalf

Betterhalf, a matrimony app for urban Indians, have invested USD 8.5 million in funding from FinSight Ventures and various investors including Mike Krieger, co-founder of Instagram, Arash Ferdowsi, co-founder of Dropbox and others.

The other key investors who participated in the round included Rebel Fund, Nurture Ventures, Leonis Investissement, Derek Callow (Ex CMO of Bumble), Scott Belsky (Founder of Behance), Brendan O'Driscoll (Ex Product Head of Spotify), Manik Gupta (Ex-CPO or chief product officer of Uber), Punit Soni (Ex CPO of Flipkart), and Ravish Naresh (co-founder and CEO of Khatabook).

NoBroker

Google has invested an extra Rs 40 crore ($5 million) to the proptech startup NoBroker's Series E fundraising round, joining prior backers General Atlantic, Tiger Global, and Moore Strategic Ventures.

The fresh capital will be used to reach out to more customers across current and new cities, and use tech to streamline the entire real estate journey from search to shifting houses to managing society.

Evera

Delhi-based all-electric cab service company Evera said it has raised $7 million from stakeholders led by Germany's IEG Investment Banking Group. Nimish Trivedi, the company’s co-founder, Evera will use the money for technology development and marketing and promotion of the brand to grow its B2C business.

The other investors in the investment round included Westova Capital of Singapore and Direct Capital, a division of Devonshire Capital of Thailand. The money comes as the country's electric vehicle ride-hailing market is becoming more competitive. Uber and Ola are eager to enter the market and will compete with local business BluSmart.

B Capital

B Capital, a venture capital firm based in Los Angeles, has set aside $500 million to start a new fund that looks for business prospects in the healthcare industry. According to a statement, the B Capital Healthcare Fund I began when Dr. Robert Mittendorff joined B Capital as a General Partner in April 2021 to oversee the fund and its larger global healthcare activities.

The healthcare team of the fund is concentrated on allocating money to category-defining businesses that are developing ground-breaking products and solutions that will shape the future of healthcare, it was said. According to Howard Morgan, chair and general partner of B Capital, "B Capital has decades of combined operating expertise in the healthcare industry and a deep technical emphasis that allows us to select and assist the top companies in the space.

Read More News :

Infosys cofounder Narayana Murthy says VCs responsible for the culture of growth in startups today

91Springboard and Google help 183 Indian women entrepreneurs